UAE and Japan explore opportunities to enhance cooperation in investment, trade, logistics services, renewable energy, and entrepreneurship sectors

These discussions took place during the UAE's Minister of Economy H.E. Abdulla Bin Touq Al Marri's meeting with Japan's Minister of Economy, Trade and Industry

H.E. Abdulla Bin Touq Al Marri: The UAE and Japan share robust relations across various sectors, with strategic economic and investment connections. We are keen on supporting both business communities to expand into each other’s markets.

Abu Dhabi, 22 December 2024: His Excellency Abdulla Bin Touq Al Marri, UAE Minister of Economy and Chairman of Investopia, met with H.E. Koga Yuichiro, State Minister of Economy, Trade and Industry (METI), along with leading representatives from Japan’s private sector. The meeting focused on strengthening economic relations between the two countries in key sectors, including investment, trade, logistics, renewable energy, and digital transformation.

The meeting, held on the sidelines of H.E. Bin Touq’s visit to Japan and his participation in the ‘Investopia Tokyo’ event, also explored opportunities for expanding the activities of UAE and Japanese businesses by leveraging the growth potential of both markets. ‘Investopia Tokyo’ served as a significant platform to explore opportunities for deepening bilateral collaboration in key economic sectors, bringing together officials and executives from diverse crucial sectors for meaningful exchanges and business opportunities.

During the meeting with H.E. Yuichiro, H.E. Bin Touq said, “The UAE and Japan share robust relations across various sectors, including strategic economic and investment connections, which have experienced significant progress recently. We look forward to elevating these relations to new heights, deepening collaboration and partnership to support the continued growth and prosperity of both countries’ economies.”

H.E. emphasised the UAE’s commitment to strengthening the economic collaboration with Japan, particularly in the sectors of advanced technology, clean energy, and circular economy. H.E also outlined the significance of leveraging the achievements made in investment sectors and trade activities to achieve sustainable growth that benefits both parties.

Additionally, H.E. Bin Touq met with representatives from prominent Japanese companies, including Yukikazu Myochin, CEO of K-Line, Takamasa Harda, Executive Director of JEPLAN Group, and Yukari Hara, Chairman of the Board of Directors of PENACO. The meeting explored future opportunities for strengthening cooperation and facilitating the growth of Japanese companies in the transportation, logistics, and clean energy sectors within the UAE, especially in the transportation of energy resources and basic materials.

Strategies to incorporate principles of circular economy into sectors of the new economy and identify opportunities for companies to flourish in sustainable maritime transport and logistics services were reviewed during the meeting. The discussions also reflected upon innovative solutions to reduce carbon emissions and promote sustainability in the transportation sector, particularly considering the UAE’s position as a leading global and regional hub for maritime transport.

H.E. Bin Touq asserted that the UAE is an ideal partner for Japanese companies seeking to expand their presence in the region due to its competitive economic environment, advanced infrastructure, and prominent legislative ecosystem. These factors position the UAE as a global hub for establishing and practicing business, making it one of the most attractive investment markets worldwide.

H.E. Bin Touq invited the Japanese business community and Japanese companies operating in the UAE to take part in the fourth edition of Investopia, scheduled to take place in February 2025. The event offers a significant platform to leverage the promising investment opportunities available in the UAE, which is a global trade and investment hub within several of the world’s fastest-growing markets. Furthermore, the event presents an opportunity to capitalise on the advantages and enablers offered by the UAE’s business and investment environment.